Buying your first home can feel like stepping into unknown territory. If you don't plan financially, you risk overcommitting to payments, receiving a bad loan, or facing unexpected costs you aren't prepared to handle. The key is understanding your financial situation, improving areas like credit and savings, and planning for every cost involved. This guide takes you through all the steps[...]
The Federal Housing Administration (FHA), the largest insurer of mortgages in the world, is changing the loan limit for Metro Atlanta real estate. The FHA Loan Limit will be increased from $498,257 for 2024 to $524,225 on any contract accepted and assigned a FHA case number in 2025. This is good news for Atlanta homebuyers, as it's offering adjusted loan[...]
Buying a foreclosed home can seem like navigating through a maze without a map. But fear not! Think of this article as your trusty compass, guiding you through the twists and turns of the foreclosure market. With a bit of knowledge and the right approach, snagging a great deal on a foreclosed property might be easier than you think. Let's[...]
Not everyone fits the traditional mold when it comes to mortgage qualifications. For those who fall outside conventional lending standards, a non-QM loan (non-qualified mortgage) offers an alternative path to homeownership. Whether you’re self-employed, have a fluctuating income, or have experienced past credit challenges, non-QM loans provide flexible options to secure a home loan. In this guide, we’ll explain what[...]
When traditional financing options fall short, savvy real estate investors turn to hard money loans for a quick and flexible solution. Whether you’re looking to fund a fix-and-flip project or need capital for a commercial property, hard money provides a fast alternative to bank loans. In this guide, we’ll explore what hard money is, how it works, and why it[...]
Lowest Mortgage Rates Since 2022 Create a Great Opportunity to Buy a New Home in Atlanta Now With mortgage rates recently dropping to the lowest rate since September of 2022 and an abundant supply of new Fischer Homes across all price points and designs, now is one of the best times in years to buy a new construction home in the[...]
As the largest generation in the country, Millennials are taking the homeownership world by storm. According to RentCafe, the number of Millennials who own a home has significantly increased within the last five years. With 52% of Millennials owning a home, the generation is no longer a renter-majority demographic. Millennial homeownership reached 18.2 million in 2022, making Gen Y the second fastest-growing[...]
Following a year of rising costs and interest rates, the housing market is starting to make an upward turn. With housing prices stabilizing and average wages slowly rising, homeownership is slightly more affordable than renting in some of the largest cities in the United States. According to the first-quarter 2023 U.S. Home Affordability Report released by ATTOM, a leading curator of land,[...]
When it comes to renting and buying in today’s market, the average three-bedroom home can be monetarily draining for families across the nation. With home prices rising faster than wages and wages rising faster than rent prices within the greater Atlanta region, renting is the more financially beneficial choice when searching for a home this year. Rick Sharga, executive vice president[...]
In today’s rising rate environment, adjustable-rate mortgages (ARMs) are coming back. But these aren’t the ARMs your parents used in the early 2000s. Today’s offerings provide some added protection due to the lessons learned in the 2008 crash. Back then, about 30% of mortgages were made with adjustable rates. This means the loan started with an interest rate lower than the[...]